We are buying our first house. The solicitor has calledto see if we would like to take out additional conveyancing searches. We are really unsure what's relevant for conveyancing in Pratt's Bottom
The range of Pratt's Bottom conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the area and risks, your general attitude to risk. What matters is that you properly comprehend what information the searches could give you. You may then decide if you consider that you need that information. If unsure, ask the property lawyer to guide you.
Having sold my house in Pratt's Bottom last April yet the purchaser is calling me to say his lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your sale your conveyancer is obliged to deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your conveyancer must also confirm that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There is unlikely to be post completion steps just for conveyancing in Pratt's Bottom.
Will my solicitor be raising questions about flooding as part of the conveyancing in Pratt's Bottom.
Flooding is a growing risk for lawyers carrying out conveyancing in Pratt's Bottom. There are those who buy a property in Pratt's Bottom, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a numerous searches that can be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in Pratt's Bottom. The standard property information forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to discover whether the premises has ever been flooded. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser may commence a claim for damages stemming from an inaccurate reply. A purchaser’s lawyers will also carry out an enviro report. This will disclose whether there is a recorded flood risk. If so, more detailed inquiries should be made.
Are there restrictive covenants that are commonly identified as part of conveyancing in Pratt's Bottom?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Pratt's Bottom. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have finally had an offer on an maisonette in Pratt's Bottom accepted, but there is a chain. The current proprietors have put an offer on somewhere, however it’s not yet tied up, and are looking at other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Pratt's Bottom. What should be my next step? When do I get the mortgage application with Co-operative started with Co-operative?
It is usual to have anxieties where there is a chain given your reluctance to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Pratt's Bottom conveyancing search costs, etc). The first thing to do is check that your conveyancer is on the Co-operative approved list. As to the next steps this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. In a hot market the majority of home buyers would apply for the mortgage with Co-operative and pay for the survey and only if it was satisfactory would they request their property lawyer to move forward with the conveyancing in Pratt's Bottom.